140 North Main Street

    Rutland City, VT 05701
    • $525,000
    • STATUS: Active
    • ON SITE: 39 days
    • MLS #: 4779818
    UPDATED: 119 min ago
    $525,000
    • 0
      BEDS
    • 0.7
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 9,000
      SQFT
    • $58
      $/SQFT
    Type:
    Multi-Family
    Built:
    1920
    County:
    Area:

    School Ratings & Info

    Courtesy of Mike Kalil of Watson Realty & Associates, Plc.

    Description

    Great location on corner of N Main St and North St Ext. Many upgrades and renovations, wonderful investment property grossing over $94,000 11.5% Cap rate at asking price. Property consists of ten rental units including the former MR C'S Market (now Cycle shop)--five apartments--three cold storage units--and a detached shop--all are fully rented--the total property has been extensively upgraded including new state-of-the art Buderas heating system, most units are updated and up to code--new roof--unlimited paved parking for many uses-well kept and no deferred maintenance, good rental history ..property consist of 2 buildings, Building one: 3 (2 Bedroom) Apartments 1 (4 Bedroom) Apartment 1 (1 Bedroom) Apartment 1 Retail Space - approximately 2600 sq. ft 3 Large Storage units Building two: Garage - rented to a car detailing tenant for over 7 years 6 Storage units, Storage Shed,Outdoor Parking also listed under commercial MLS 4779371

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    © Copyright 2019 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-11-13T00:05:56.737.
    www.bestseacoasthomes.com/homes/99597014

    140 North Main Street Rutland City, VT 05701

    • Price: $525,000
    • Status: Active
    • Updated: 119 min ago
    • MLS #: 4779818
    0
    Beds
    6
    Baths
    0
    ½ Baths
    0.7
    Acres
    9,000
    SQFT
    $58
    $/SQFT
    1920
    Built
    County:
    Rutland
    Area:
    Rutland City
    Property Description
    Great location on corner of N Main St and North St Ext. Many upgrades and renovations, wonderful investment property grossing over $94,000 11.5% Cap rate at asking price. Property consists of ten rental units including the former MR C'S Market (now Cycle shop)--five apartments--three cold storage units--and a detached shop--all are fully rented--the total property has been extensively upgraded including new state-of-the art Buderas heating system, most units are updated and up to code--new roof--unlimited paved parking for many uses-well kept and no deferred maintenance, good rental history ..property consist of 2 buildings, Building one: 3 (2 Bedroom) Apartments 1 (4 Bedroom) Apartment 1 (1 Bedroom) Apartment 1 Retail Space - approximately 2600 sq. ft 3 Large Storage units Building two: Garage - rented to a car detailing tenant for over 7 years 6 Storage units, Storage Shed,Outdoor Parking also listed under commercial MLS 4779371
    Exterior Features

    Construction Wood Frame Driveway Paved Exterior Wood Siding Garage Description Auto OpenDirect EntryHeatedLeased Garage Type2 Detached Has Garage Yes Lot Description Corner Parking DrivewayGarageOn-SiteParking Spaces 21+Paved Road Frontage Yes Road Frontage Length 400 Roads PavedPublic Roof Shingle - Architectural Style Multi-Family

    Interior Features

    Basement Access Type Walk-Up Basement Description Concrete Cooling None Foundation Poured Concrete Has Basement Yes Heating Forced Air Total Ranges 5 Total Refrigerators 5 Water Heater DomesticElectric

    Property Features

    Auction No Construction Status Existing Electric 200 Amp220 Plug Flood Zone No Gross Income 94140 Heat Fuel Oil Pre Construction No Seasonal No Sewer Public Tax Gross Amount 8293.52 Tax Year 2019 Taxes Tbd No Total Leases 10 Total1 Bed Units 1 Total2 Bed Units 3 Total3 Plus Bed Units 1 Unit1 Rental Amount 950 Unit2 Rental Amount 1200 Unit3 Rental Amount 1200 Unit4 Rental Amount 950 Unit5 Rental Amount 850 Unit6 Rental Amount 800 Unit7 Rental Amount 1500 Unit8 Rental Amount 300 Utilities Cable - AvailableHigh Speed Intrnt -AvailInternet - CablePhone Water Public Zoning Mixed

    Courtesy of Mike Kalil of Watson Realty & Associates, Plc.


    © Copyright 2019 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-11-13T00:05:56.737.
     
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    Courtesy of Mike Kalil of Watson Realty & Associates, Plc.